Tag: World economy
Avoidable or inevitable recession? Billionaire David Rubenstein’s view
Much of the U.S. market focus has been on the Federal Reserve's more aggressive interest rate hikes as a reason to fear a recession.But Carlyle Group [...]
China cuts quarantine for overseas travelers, easing Covid controls
For more than two years, overseas travelers have had to quarantine upon arrival in China because of Covid restrictions. Pictured here at Beijing Inter [...]
Travel demand unlikely to dissipate despite airport chaos
Emirates has said it doesn't see travel demand dissipating any time soon, even as the industry battles a string of challenges that have already sparke [...]
Executives defend industry as airlines cancel flights around world
Air travel is roaring back, but not without some significant hiccups.Particularly in North America and Europe, travelers have described chaos at airpo [...]
Dubai’s famous boozy brunches get a reboot as Saturday becomes the new Friday
The UAE is tackling this issue of work-life balance and the government recently rolled out a 4.5-day working week for Emirati government employees.Las [...]
Nearly all factories in Shanghai resume work as Covid controls ease
German automaker Volkswagen is one of state-owned automaker SAIC's foreign partners in China. Pictured here on June 7, 2022, is the joint venture's fa [...]
Self-driving car companies’ first step to making money isn’t robotaxis
A WeRide robotaxi with health supplies heads to Liwan district on June 4, 2021, in the southern Chinese city of Guangzhou.Southern Metropolis Daily | [...]
CEPI chief outlines the disease differences
Health officer uses a thermal head to detect a monkeypox virus on arriving passengers at Soekarno-Hatta International Airport in Tangerang near Jakart [...]
Wouldn’t worry about monkeypox, cuts drug costs for low-income
Albert Bourla, Pfizer CEO, at the WEF in Davos, Switzerland on May 25th, 2022.Adam Galici | CNBCPfizer's CEO said Wednesday that he "wouldn't worry mu [...]
Recovering despite lack of Chinese visitors
Air travel in Singapore is recovering and has reached around 40% of pre-Covid levels despite China's border restrictions, Transport Minister S. Iswara [...]
Davos elite don’t expect a Covid-19 style health crisis from monkeypox
Business and political leaders gathered in the Swiss hilltop town of Davos in May 2022 for the World Economic Forum.Xinhua News Agency | Xinhua News A [...]
Volkswagen CEO says carmaker will overtake Tesla on EV sales by 2025
Diess said he expects Germany's auto giant to create some momentum over the coming months.Jens Schlueter | Afp | Getty ImagesThe chief executive of Vo [...]
Oxfam slams billionaire pandemic ‘bonanza’ as millions face poverty
Olga Shumytskaya | Moment | Getty ImagesA new billionaire emerged every 30 hours during the Covid-19 pandemic, and nearly a million could fall into ex [...]
Lucid Group to build first factory outside the U.S. in Saudi Arabia
U.S. electric vehicle maker Lucid Group will set up its first overseas factory in Saudi Arabia, the company announced.Javier Blas | Bloomberg | Getty [...]
South Africa’s economy threatening downturn
DURBAN, South Africa - April 16, 2022: Massive debris at the Durban harbor following heavy rains, mudslides, rain and winds in Durban. The harbour ser [...]